David Ellison Of Skydance Media Acquires Office Properties From Paramount Global For $173.7M

The transaction involved an office asset located at 1697 Broadway, 530 West 57th Street & 513 West 56th Street in the Midtown West market. The property was sold for $173,700,000, encompassing a total square footage of 919,431, resulting in a price per square foot of $189.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $173,700,000
• Buyer: David Ellison - Skydance Media
• Seller: Paramount Global
• Transaction Date: 08/07/2025
• Square Footage: 919,431
• Price Per Square Foot: $189

David Ellison of Skydance Media represented the buyer in this acquisition of the CBS Broadcast Center and the properties from Paramount Global, facilitating the successful transaction.